Estate agents across England are already busier than they were during the opening stages of last year, with some 50,000 more homes currently listed for sale versus the start of 2024, according to the latest property market analysis by GetAgent.
GetAgent analysed current for sale stock levels across each county in England at the end of January this year to see how current market conditions compared to those seen over the course of 2024.
The figures show that at the end Q1 2024, some 727,393 properties were listed for sale across the market in England. This number then rose over the next two consecutive quarters, hitting 846,455 by the end of Q3 – an increase of 16% versus Q1.
The usual seasonal lull did materialise in Q4 however, with for sale stock levels falling by 8% to 790,730 homes on the market.
The latest snap shot of market health, conducted by GetAgent shows that, whilst for sale stock levels in January of this year have remained relatively flat when compared to Q4, there are currently more homes listed on the market versus the level of stock seen in Q1 of last year.
In fact, the 777,051 homes currently listed for sale mark a 7% increase during the first month of 2025 alone when compared to the first three months of 2024.
What’s more, almost every area of the property market across England has seen a surge in stock already in 2025 when compared to the early stages of last year, with the exception of Gloucestershire (-18%) and the City of London (-1%).
Rutland has seen the largest increase, with current for sale stock levels sitting 16% above the level seen in Q1 2024.
Cornwall, the Isle of Wight and Bristol have also seen a considerable increase at 13% each, with a 12% increase seen across the East Riding of Yorkshire and Devon.
The co-founder and CEO of GetAgent.co.uk, Colby Short, commented: “2024 was a year of far greater positivity for the property market and we’ve seen a very strong foundation laid for the year ahead, a year that has already started with a bang, as almost 50,000 more home sellers have hit the market during January compared to Q1 of last year.
“The heightened levels of market activity being seen already this year suggest that sellers are getting their house in order now, in order to take advantage of increasing levels of buyer confidence, driven by the anticipation of mortgage rates reducing over the course of 2025.”
Read the orginal article: https://propertyindustryeye.com/estate-agents-are-busier-now-than-they-were-during-the-opening-stages-of-last-year/
